We all hear the phrase “You must speak with an agent or underwriter in order to bind or alter coverage” multiple times a day.
You might even say it aloud on a daily basis when you change your voice mail in the mornings. Did you ever stop to think what that phrase means or the impact it can have on you? Taking it one step further, when you receive that phone call from a bank, mortgage company, or an insured's spouse requesting to change coverage, are you verifying that party has the authority to do so? We’ve all heard the stories about an angry ex calling on behalf of their former spouse, cancelling their coverage…then, a loss occurs. These are the types of things that keep those of us in the insurance world up at night!
Mold Remediation Contractors is one of those classes of business that some insurance agents may be uncomfortable with. Whether your level of comfort is due to unfamiliarity with the coverages or operation as a whole or maybe you don’t think you have a market for that class of business. I’m here to share that you don’t have to be intimidated or nervous about the exposure / risk ... and you do have an outlet for it!
Three coverages you will want to keep in mind when seeking out quotes for mold remediation contractor insurance (or any environmental contractor insurance) are;
environmental contractor insurance,
mold remediation contractor insurance
It’s debatable on who you talk to whether or not the insurance market is hardening up again. 2013 was good to many of us with increase in business, premiums going up and finally the additional premium audit. Maybe the economy is starting to come back around. But in several of my conversations as of late, it appears to be that even though the market condition might be changing, the appetite is still pretty slim for some carriers and their underwriters.
excess and surplus insurance,
excess and surplus lines
In my role as Garage Specialist for J.M. Wilson, I've been connecting with our agents to educate on garage coverage. I've heard a lot of great questions that would be useful for all agents who either write garage insurance or are interested in pursuing this line of business.
So, without further ado, here are six questions that I hear from my agents about Garage Insurance!
Property & Casualty,
Spring is coming! Whether it looks like it in your area of the country (or not!), spring will be here soon and so will watercraft season. As your clients begin to bring their boats out of storage and get them ready for water, here are a few insurance credits that they may be able to take advantage of as they search for watercraft insurance coverage.
watercraft insurance credits,
small boat insurance
Why are relationships between your contractor client and their bank important when searching for bonding?
It's all about comfort.
When obtaining commercial contractor bonding, the bond underwriter would like to see that a contractor has a good relationship with a bank / financial institution. Some contractors don't have a bank relationship at all, whereas others may have a strained relationship, at best.
commercial contractor bonds,
small business administration bonds,
….would certainly not smell as sweet to your clients!
As we look into 2014 for trends in the Insurance industry, Data Breach is certainly one that most experts are predicting is going to be right near the top. At JM Wilson, we are prepared to meet that need, with a wide array of products, expert underwriters, and a commitment to service and education!
Every winter brings different challenges. It seems as though this winter has been especially difficult for many parts of the country. From increased snow levels and icing to ever dropping temperatures, it all equates to more stress on your home.
One of the most common issues that homeowners face in the winter is ice dams on their roofs, causing significant damage inside and outside your home.
This article from the International Risk Management Institute shares a great description of ice dams, how they are formed, tips on how to remove them, and how you can prevent them in the future! It's a great place to start for all homeowners - and an excellent resource for your clients.
winter home tips,
winter home maintenance
Does your insured have a swimming pool or a vacation property? Perhaps they participate in volunteer events? Your clients may have a multitude of liabilities they haven't yet considered. This is where personal umbrella liability coverage can be a huge asset to them! Here are 3 reasons to offer personal umbrella insurance coverage to your next client.
personal umbrella liability insurance
Part of my role as Agency Relations Manager is traveling around teaching continuing education classes for our retail agents. When I was driving home from teaching a class in Wisconsin, I was reflecting on a CE course that I taught, "Integrating Social Media into Your Agency", and the interaction with attendees.
using social media